Goldenrodfx-Overview of Minimum Deposit, Leverage, Spreads
Abstract：Founded in 2020, Goldenrodfx is an unregulated broker registered in Seychelles, offering more than 250 trading instruments with leverage up to 1:200 and spread from 6 pips on the web-based trading platform.
Note: Goldenrodfx's official website - https://goldenrodfx.com/ is currently inaccessible normally.
| Goldenrodfx Review Summary | |
| Founded | 2020 |
| Registered Country/Region | Seychelles |
| Regulation | No regulation |
| Market Instruments | 250+ |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| EUR/USD Spread | From 6 pips |
| Trading Platform | Web |
| Min Deposit | / |
| Customer Support | Email: support@goldenrodfx.com |
| Address: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles | |
Goldenrodfx Information
Founded in 2020, Goldenrodfx is an unregulated broker registered in Seychelles, offering more than 250 trading instruments with leverage up to 1:200 and spread from 6 pips on the web-based trading platform.
Pros and Cons
| Pros | Cons |
| Demo accounts | Inaccessible website |
| Multiple account types | No regulation |
| Wide spreads | |
| No MT4/MT5 platform | |
| Unclear minimum deposit | |
| Unknown payment options | |
| Only email support |
Is Goldenrodfx Legit?
No. Goldenrodfx currently has no valid regulations. Please be aware of the risk!
Account Type
Here are three account types Goldenrodfx offers:
| Account Type | Max Deposit |
| Premium | $2,000 |
| Advanced | $1,000 |
| Beginner | $250 |
Leverage
Goldenrodfx offers max leverage capped at 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Spread
As tested at Goldenrodfxs demo web account, the spread for the benchmark EUR/USD pair was floating around 6 pips, which is much higher than those regulated brokers.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based platform | ✔ | / | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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